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Latest News

Costco plans $2.7 million Cd'A addition

Warehouse-store chain obtains permit to expand to 152,000 square feet
April 23, 2009
Mike McLean
Costco Wholesale Corp. is planning a $2.7 million expansion of its Coeur d'Alene outlet to bring the store's total size to 152,000 square feet of floor space, according to building-permit information on file with the city of Coeur d'Alene.The a
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—Rendering courtesy of Bernardo Wills Architects PC

Silvey starts office building on South Hill

$3.5 million professional building to be completed next spring on 29th Avenue
April 23, 2009
Mike McLean
A development company led by a Spokane-area builder and a lawyer has started work on a $3.5 million office building on the South Hill.Builder Mike Silvey, a partner in the development company, Legacy Group Development LLC, says the three-level &
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Rule results in AmWest statement

Auditor's 'going concern qualification' triggers company news release
April 23, 2009
Richard Ripley
AmericanWest Bancorp, of Spokane, satisfied a Nasdaq rule April 9 when it issued a press release saying its 10-K annual report included an auditor's opinion that contained "a going concern qualification."In such a qualification, an auditor says
Read More

Peppertree project loses financing

Work at Division Street site could restart soon if new lender can be found
April 23, 2009
Mike McLean
Developers of a planned hotel at the northwest corner of Third and Division—near one of the main entrances to Spokane—say they've lost financing for the $9 million-plus project, but are optimistic they can re-establish it by May and that
Read More
—Staff photo by David Cole

Buck Knives brings work back to U.S.

Post Falls manufacturer has just hired 10 people after upbeat first quarter
April 23, 2009
David Cole
POST FALLS—Bucking a familiar trend in the manufacturing sector, knife maker Buck Knives Inc. says it has been bringing back to its plant here some of the production that it had been contracting out to Chinese manufacturers in recent shift, by
Read More
—Staff photo by Paul Read

Say hello to Clearwater

Newest publicly traded company here has expansive operations
April 23, 2009
Paul Read and Paul Read
On Dec. 16, Spokane quietly became home to a new billion-dollar company, as Spokane-based Potlatch Corp. completed a spin-off of its expansive pulp and paperboard operations.Although the new enterprise, Clearwater Paper Corp., employs just 25 at
Read More

RVers largely undeterred by recession, survey finds

Majority said they plan to use their rigs more this year than they did in '08
April 9, 2009
Consumer confidence may be down, but RVer confidence remains high, according to the biannual Campfire Canvass survey of RV owners, conducted by the Reston, Va.-based Recreation Vehicle Industry Association (RVIA). Fifty-five percent of survey said
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—Staff photo by David Cole

Restaurant equipment supplier optimistic about future

Owner says resurgence of smaller 'bistro-type' establishments is positive
April 9, 2009
David Cole
A resurgence of restaurant activity in downtown Spokane in recent years and greater demand now for used restaurant equipment amid the slower economy have helped Spokane Restaurant Equipment Inc. continue to grow, says owner Mike sales are down 25
Read More
—Staff photo by Jeanne Gustafson

Downturn could be worse

Sense among hotels and restaurants here is that 2009 will be stable overall
April 9, 2009
Jeanne Gustafson
Business from travelers is off for restaurants and hotels here, with numbers down or flat across the board. Most property owners and managers, however, say that although times are tough, they're grateful that business isn't worse, and they a fairly
Read More

Travelers spent $15.7 billion in state in 2008

Inflation-adjusted outlays were flat from 2007 level; jobs in industry were, too
April 9, 2009
Richard Ripley
Direct travel spending in Washington state totaled $15.7 billion in 2008, up 5.7 percent from 2007, although after adjusting for inflation, travel spending decreased by 0.1 percent, says a report to the Washington Legislature.The report, by Dean
Read More
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